House buyer reduced offer

hackneylou

They sound painful as hell. We only asked for 5k off a 450k property for a flat that needed a new roof (confirmed by actual survey) and other items. To ask for 10k off on a property of that value is crazy. 

hackneylou

TheJP said:

caprikid1 said:

"Strike  are free but I have to do my own viewings and as you say own negotiations.  "

If you are comfortable negotiating £120K business transactions then manage it yourself but it would appear you have people trying to take advantage of your naivety and trying to bully you into giving your house away.

Personally I would list with reputable high street estate agent and let them deal with liars and chancers, they should know what one looks like !!!

EAs don't negotiate on your behalf, they just pass on the message. 

That depends on the agent. Ours was brilliant at talking to both sides and getting a very difficult sale to completion.  

angelasocks

Hi

Strike advertise on RM and Zoopla.  I know 2 people personally who sold with them and were very impressed.  

So many variables in selling a house it's hard to say whether I might be better going with a traditional EA.

Had a viewing booked in on Monday - they messaged to cancel last minute.

Viewing today Saturday they asked for 9:30, I accepted, then they changed asking for 8am today so I accepted that.  Spent 3 hours cleaning and scrubbing last night, didn't sleep well and got a message at 7:15am this morning to say they had cancelled altogether. So sparkling clean house, no viewers and not much sleep - fed up.

Thanks all for responses. 

angelasocks

london21 said:

The online EA can be passive.

They are cheaper but might not get the best price.

The market over the next few months will be interesting because interest rates going up faster now and people are getting to grips with higher cost of living. 

Is your price competitive with other properties in the area.

My brother listed in February and completed around June.

If he listed now, not sure he would get the same amount but then depends on the demand and supply in your area.

3 work colleagues sold this year very quickly with multiple offers one of which more than asking price.  They put their homes up between Feb and June.  2 sold with Strike.

Valuations for my property from EAs has been very varied 90k to 125k.  Very confusing so I did my own valuation based on local sales, online sales estimates and Nationwide price indicator.  I get around £115.  It's on for £120  but I figured I'd get haggled down anyway.  It is or at least was a rising market. 

House condition is IMO OK 2 outstanding repairs which I'm trying to get sorted out.  Kitchen is 14 years old but I believe the units to be ok could get away with new doors. Bath is 14 years old as are wall tiles, boiler is 14 years old.

Feedback from 4 buyers has been property is in poor condition - 2 of which have then made lowball offers.  The other 2 were looking for a buy to let  (cash buyers).

Sorry for long post - thanks for reading.

newsgroupmonkey_

People hate Connells / Sequence Group, but frankly, they properly made their money over our sale.

Before it had hit Rightmove, we had 10 bookings and within a day of it being on, we had 25.

angelasocks

Never heard of Connells/Sequence group

jonnydeppiwish!

angelasocks said:

london21 said:

The online EA can be passive.

They are cheaper but might not get the best price.

The market over the next few months will be interesting because interest rates going up faster now and people are getting to grips with higher cost of living. 

Is your price competitive with other properties in the area.

My brother listed in February and completed around June.

If he listed now, not sure he would get the same amount but then depends on the demand and supply in your area.

3 work colleagues sold this year very quickly with multiple offers one of which more than asking price.  They put their homes up between Feb and June.  2 sold with Strike.

Valuations for my property from EAs has been very varied 90k to 125k.  Very confusing so I did my own valuation based on local sales, online sales estimates and Nationwide price indicator.  I get around £115.  It's on for £120  but I figured I'd get haggled down anyway.  It is or at least was a rising market. 

I think this is where a decent, traditional and local EA would make the difference to a sale and well worth the fee. They know the market better than zoopla or nationwide. 

The months that your friends sold in were definitely in a sellers market. Now, it’s possible that it’s turning to a buyers market. 

You need to look at the value and think whether it is realistically worth what you’re asking. What’s the difference in mortgage payments for any buyer? Can they afford much more of an increase v price?

Multiple, over asking price offers may longer be a viable sign for your sale.

angelasocks

To be fair the higher valuations came from the local estate agents and yes ok maybe they were trying to get my business.  I don't think I'm that far out but market very difficult to gauge at least IMO.

In the meantime unexpected change of events.  The friends who were selling me their house have given me till September to find a buyer and then they will put theirs on the market for sale.  Feeling gutted to be honest.

Slinky

Going back to the original people who offered, have you looked in the loft and found you can see daylight?

sidneyvic

Slinky said:

Going back to the original people who offered, have you looked in the loft and found you can see daylight?

Look in any loft and you should be able to see daylight.....
The roof space needs to breath and be well ventilated.